Open Banking Adoption Surges Among iGaming Operators as Instant Pay-Out Becomes Table Stakes

Open banking payment solutions have moved from early-adopter novelty to mainstream infrastructure across European iGaming, with a new survey from payments intelligence firm Paysetter finding that 67% of licensed operators now offer at least one open banking payment method — up from 41% in 2024.

The research, based on a survey of 180 compliance and payments executives at licensed European operators, found that instant withdrawal capability is the primary driver of adoption, cited by 74% of respondents. With traditional card and e-wallet withdrawals often taking 24-72 hours, operators that can credibly offer sub-one-hour payouts report measurable improvements in customer satisfaction scores and lifetime value.

Truelayer, Volt, and Enablebanking emerged as the most widely deployed open banking providers among survey respondents, with Truelayer maintaining the largest share at 38% of deployments.

The survey also highlighted growing operator interest in open banking for affordability verification — using permissioned account data to assess a player's financial position without requiring manual document submission, a capability that aligns directly with proposed UKGC affordability check frameworks.

"Open banking is no longer a payments story — it's becoming a responsible gambling tool," said one respondent, a Head of Payments at a Tier 1 European operator who spoke anonymously.

Challenges cited by operators include inconsistent bank coverage across markets — particularly in Eastern Europe — and variable API reliability during peak traffic periods. Providers are investing heavily in redundancy infrastructure to address the reliability concern, with several announcing SLA commitments of 99.9% uptime for Q1 2026.